Descente Sales Lag to Finish the Year
The Itochu-owned brand said its net income declined 22% in the fiscal fourth quarter to ¥2.9 billion ($18.5 mm) from ¥3.7 billion, as revenues narrowed 4% to ¥35.0 billion ($0.2 mm) from ¥36.3 billion. For the full year, Descente’s profits grew 16% to ¥15.1 billion ($96.3 mm) from ¥13.0 billion, while revenues fell 7% to ¥119.3 billion ($760.5 mm) from ... Log in to view full article.
